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citizen, so she is compelled to go, although we do have news this morning that both rupert murdoch and his son, while rupert murdoch is not a british citizen, will in fact testify before parliament. there she is, rebekah brooks, being supported by rupert murdoch, she has offered her resignation and has left the company. >>> can you guess which newsmaker made this statement about media mogul rupert murdoch and the news of the world's alleged hacking of 9/11 victims here in the united states? quote, he is a very honorable, honest man. this can't be something that he would have had anything to do with. we'll tell you who said it right after this quick break. nine minutes after the hour. [ man ] they said i couldn't win a fight. but i did. they said i couldn't fight above my weight class. but i did. they said i couldn't get elected to congress. but i did. ♪ sometimes when we touch ha ha! millions of hits! [ male announcer ] flick, stack, and move between active apps seamlessly. only on the new hp touchpad with webos. >>> 12 minutes after the hour. before the break, we asked you if you could
for an investigation of rupert murdoch's media empire as the company pays a new price for its phone hacking scandal. could a massive probe now under way in britain happen here in the united states? and the obama money-maybing machine. who's behind the cash and can the republicans compete? >>> president obama and the congressional leadership are under enormous pressure right now, about 40 minutes into their latest round of debt crisis talks. they haveless than three weeks until the deadline to raise the legal limit on the federal debt. and by all accounts, they're still very far apart. what if anything emerges from this meeting? consider the very dire warnings from the chairman of the federal reserve. ben bernanke using very strong words today, telling congress that the global financial system would be thrown into enormous disarray. that's a direct quote, if the u.s. treasury is deadbeat on its debt. >> ff we went so far as to default on the debt, it would be a major crisis. the treasury security is view as the most safest and liquid in the world. it's the foundation for much of our financial system
days. >>> u.s. lawmakers have asked the attorney general to investigate rupert murdoch. they want to know if murdoch's company broke any u.s. laws for allegedly bribing police in the phone hacking scandal that forced murdoch to close his largest paper. mean dock pulled the plug on a it is 12 billion business deal. elizabeth palmer has more. >> reporter: it's a sight many people thought they would never see, media titan rupert murdoch in retreat. he abandoned his controversial $12 billion plan to expand into britain's lucrative satellite television business in a surrender to public outrage and political pressure. >> what has happened at this company is disgraceful, it's got to be addressed at every level and they should stop thinking about mergers when they've got to sort out the mess he created. >> reporter: prime minister cameron met with the parents of the teenage girl, milly dowler, whose cell phone lies at the heart of the scandal. she was murdered in 2002 but only last monday the public learned her phone had been hacked by murdoch's paper "news of the world" and messages were
have summoned rupert murdoch and his top executives for questioning the scandal that his on his media outlets, spied on politicians, celebrities, and the victims of crimes. according to police, investigations into those charges are being blocked by his employees. gordon brown has now accused the news managers of hiring criminals to obtain his private information. >> he is what the highest level victims of the hacking scandal. the former prime minister gordon brown. brown has accused the british newspapers of illegally obtaining private information about his family. he alleges the use this information to publish the news that his newborn son was suffering from cystic fibrosis. a new police investigation will ensure that the culprits are punished. >> this looks like yet another example of an appalling invasion of privacy and had been a personal data. my heart goes out to gordon brown and his wife. to have your children invaded like this is completely unacceptable and heartbreaking for the family concerned. >> a parliamentary committee has been tried to discover why the police have been
that brought down -- that is bringing down parts of rupert murdoch's news empire. i'll get you more on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. b
the "news of the world" hacking scandal is the talk of the nation. both political parties say rupert murdoch should drop his bid to buy a major satellite broadcaster. prime minsters david cameron wants an inquiry. they've called for murdoch, his son james and a former editor of the newspaper to testify before parliament this week. >> there are an awful lot of questions as to why this continued for so long, who authorized it, the extent of the activity, not just now, but also, we understand in other international newspapers, possibly even wider. there are an awful lot of questions that have to be addressed. >>> the scandal has torpedoed shares in murdoch's company. news corp's shares are down 14% since july 4th. >>> police in florida arrested a plan they think shot and killed a priest. apparently the suspect made the manhunt pretty seize zi. jeremy mariani gunned down the priest at a beach house in mississippi, stole the money and the car and took the family to disney world. the s.w.a.t. team nabbed him outside of world. >>> quickly, let's talk about the alleged tucson gunman, loughner. a fe
drag on and on. >>> under fire, the phone hacking scandal may prompt an investigation of rupert murdoch here in the u.s. >>> and a dramatic victory. the u.s. women's soccer team is headed to the world cup finals for the first time in 1 years. >> we win! usa! captioning funded by cbs >> good morning on this thursday, and thanks for joining us. i'm betty nguyen. >>> we begin with the increasingly tense talks to reduce the deficit and raise the debt limit. another meeting is scheduled for today. at yesterday's sitdown the talk was blunt with president obama telling congressional leaders "don't call my bluff." joel brown is in washington with the latest. >> good morning. by all accounts this was a tense session yesterday at the white house, both sides losing patience a bit. this was the longest white house session yet and still no progress to report. president obama will sit down with republicans again today, after a contentious meeting on wednesday. aides close to the debt ceiling negotiations say when house majority leader eric cantor pressed for a short term deal the president said "enou
of responsibility. >>> media baron rupert murdoch has abandoned his attempt to take over bskyb. it was dropped after all the parties in parliament called on murdoch to dump his plans to pursue it. at least four members of the u.s. congress want the government to investigate whether u.s. citizens were victims of phone hacking by murdoch's media outlets. international journalists were attempted to hack into the phone messages of 9/11 victims. > ruling party officials say mr. salih will go back after he's 4 surgery. >>> those are the headlines. those are the headlines in cnn in london. "world business today" starts now. >>> very good morning to you from cnn rome. >> and good afternoon from cnn hong kong. i'm pauline chu and this is "world business today." these are the top stories on this thursday, july 14th. running on empty and running out of time on both sides of the atlantic. there's a tense stalemate in washington as lawmakers fail yet again to head off the looming debt default. >>> meanwhile, italy races to push through austerity measures and restore confidence in the country's economy. >>> plus,
yesterday, and now there are questions about the future of the media empire built by rupert murdoch. nbc's stephanie gosk has more. >> order! order! >> reporter: in parliament, politicians for once found something they could agree on. rupert murdoch's news corporation, they said, should drop its bid for british tv network b sky b. >> and they should stop thinking about mergers when they've got to clean up the mess they created. >> reporter: but newscorp beat them to it. >> have announced they will withdraw. >> reporter: walking away from biggest merger in the corporation's history, potentially worth billions. in a statement the company said "it has become too difficult to progress in this client." the climate turned hostile with reports that a 13-year-old murder victim's cell phone had been hacked by "news of the world" reporters. newscorp shut that paper down, perhaps hoping to save the bskyb deal, but it didn't work. >> rupert murdoch has rarely been thwarted in his ambitions. for the most part, he has ultimately achieved what he wanted to. >> reporter: he has achieved a lot, building
. the hacking scandal scuttles rupert murdoch's plans to expand his media empire, and now members of congress are calling for an investigation. on the front line with libyan rebels as they battle for a key village. and team u.s.a. advances to the finals. but will these winning women have a future in soccer? once they get home. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> good evening. scott is on assignment tonight. i'm russ mitchell. pressure is on congress and the president to reach a deal on debt. default could lead to financial clamity,. the president met congressional leaders back at the white house today for yet another negotiating session. we have reports from nancy cordes, chip reid and anthony mason, nancy, we'll begin with you at the capitol. >> reporter: good evening. the chairman of the federal reserve had a stark warning for members of congress today. he said if the debt limit isn't raised by august 2, the federal government's cash flow could plummet by 40%, because that's how much the nation borrows. >> so this is a matter of arithmetic fairly
. they can't force rupert and james murdoch to appear but they can force rebecca brooks to appear. if she continues to refuse to respond, issue a summons to her, they receiptcally they could send their security apparatus of the house behind me down to actually force her, you know, arrest her effectively to come along. >> all right. dan rivers for us. thanks so much. we will continue to follow this, of course, every day, new development and more troubling development. >>> still to come this morning, high ask dry. first lost their paychecks and now there may not be any beer to help pass the time during the government shutdown in minnesota. >> that's the part -- no beer. >> big problem. a lot of beer that won't be on the shelves. >>> the president's right-hand man on jobs. jeffrey immelt talks about how they plan to get america working again unchlgth fire under fire. >> gunfire all around us. we are rushing out of this area. with dha and essential nutrients also found in mother's milk. purina puppy chow. right now, go to priceline for a sneak peek at recent winning and better than ever! hote
, thank you very much. now to the latest on rupert murdoch. his mediale pirs includes the times of london, the "wall street journal" and the fox net would and he was on the verge of acquiring the british sky broadcasting network. but elizabeth palmer reports the tabloid hacking scandal forced him to pull the plug on that deal today as lawmakers on both side called for investigations. >> reporter: it's a sight many people thought they would never see. media tycoon rupert murdoch in retreat. today he abandoned his controversial $12 billion plan to expand into britain's lucrative satellite television business in a surrender to public outrage and political pressure. >> what has happened to this company is disgraceful, it got to be addressed at every level, and they should stop thinking about mergers when they've got to sort out the mess they've created. >> reporter: the prime minister dave cameron met today with the parents of the teen-age girl milly dowler whose stone lies at the heart of this scandal. she was murdered in 2002, but only last monday the public learned her phone had been hacke
guarding a meeting of local leaders. the rupert murdoch media empire news corporation dropped its bid today to take over british sky broadcasting. it was the latest fallout from the firestorm of allegations that murdoch tabloids hacked into phones of celebrities, royals and even murder victims. we have a report from gary gibbon of independent television news. >> reporter: for decades, he's loomed over british politics. feted by politicians, rarely denied his wishes. but today, parliament rose up as one, all three main parties united, telling rupert murdoch he could not expand his media ownership here, right now. and he buckled. in a statement on their takeover plans, news corp said that it was too difficult to progress in this climate, but that news corp reserves the right to make an offer at a later date. >> i think this is the right decision, i've been saying that this company clearly needs to sort out the problems there are at news international, at the "news of the world." that must be the priority, not takeovers, so the right >> reporter: it's a huge blow for james murdoch, third in co
. this morning news corp executive chief rupert murdoch said those who have betrayed us must be held accountable under the law. rupert murdoch control an empire that includes fox news and the newspaper accused of hacking "news of the world." the murdochs apologized for the scandal but deny any responsibility. >> this is the most humble day of my life. >> former editor rebekah brooks also testified she too denied any knowledge of illegal activity. > >> and a wild scene broke out during testimony. rupert murdoch's wife sprang to action defending her husband. she jumped up and slapped a spectator who tried to throw a pie pan of shaving cream into his face. there you go. you see her right hook? >> wow, got to protect your man. good for her. >>> at least one person from the d.c. area was arrested and accused of taking part in a cyber attack on paypal's website. the fbi arrested 14 people in all. according to the indictment, the cyber attacks were launched after paypal suspended wikileaks donation accounts in november of 2010. wikileaks released a large number of classified u.s. state department cable
the tension in the room, any way these two sides arrive at a budget deal? >>> meanwhile, rupert murdoch drops his bid to acquire a television network, all this as new york congressman peter king calling for an investigation into the alleged hacking of 9/11 victims. the question is could there be criminal charges brought here in the states? >>> and the united states rolls into the women's world cup finals, beating france in the semis. the question is where will you be watching the final on sunday? it's way too early for this.
, and rupert murdoch and the media empire is something that's reached here in the united states. would you like to see congressional hearings as to whether there's any tie here to the united states in this phone hacking scandal, senator durbin? >> yes, i would. i can tell you that there are questions about whether the foreign corrupt practices act has been violated by rupert murdoch and his news empire, and what's going on in england is startling. to think of the extent that they went to to break the law to try to report a story. we need to follow through with the fbi investigation and also with congressional investigations. >> senator demint, what do you think? >> david, we need to let law enforcement work here. congress has got a big issue in front of us. we need to handle our own business for a change. and the focus this week is on the only plan we've got, and that's cut, cap and balance. >> all right, we're going to leave it there. thanks to both of you. >>> coming up, the debt deliberations are dominating the discussion here in washington, but the question that remains at the top of voters
when rupert murdoch and his son james get grilled by lawmakers. we're live in london. surely rupert murdoch will be asked about the cozy relationship between his news organization and police. >> there's no doubt that he's going to be asked about that and a lot more contessa. this story keeps rolling along. and changing it seems hour by hour. and all points now are pointing towards -- all roads are going towards obviously the murdoch family. that makes four high profile resignations. a few hours ago scotland yard's number two jamesuate resigned again under this rolling impression and increasing public and media pressure. yates if you recall he was the one who was in charge of reopening the phone hacking investigation back in 2009. he decided not to do so at the time. saying there just wasn't enough fresh evidence. and that as you say on the heels of his boss' resignation last night paul stevenson who was the head of psychologicalland yard. we've seen ten arrests to date and some high profile arrests as well, rebeck ka brooks, the chief executive of murdoch's british media holdings wh
stephenson, has resigned. meanwhile, the former chief executive of news international, of rupert murdoch's paper, rebecca brooks, was taken in for questioning, detained some 12 hours sunday night and released just after midnight. there was speculation that would have meant that she wouldn't have turned up on tuesday afternoon, london time, to be grilled by politicians. but we're being told by her spokesman that she will be there. she won't appear together with james and rupert murdoch. she'll appear after them. she'll have to be careful about what she says and the politicians, equally, have said they'll be careful about which questions they ask and how they frame those questions. they don't want to clearly prejudice any possible trial that may come out of this. it will be a committee session view bid millions of people, i would expect, with lots of people wanting to know who knew what, how high up the newspaper group into rupert murdoch's empire this scandal went. kyra? >> cnn will have live coverage of tomorrow's expected testimony by brooks, rupert murdo kr. h and his son, james. it's
owner billionaire rupert murdoch has agreed to give evidence next tuesday to a british parliamentary committee investigating illegal activities at his british newspapers. murdoch and his son james will appear with rebecca brooks, the chief ceo of the british newspaper branch. she is also the former chief editor of "the news of the world," the tabloid which closed in the face of mounting evidence that it and other newspapers gained information by illegal means such as hacked voice mails and buying of policemen. the planned merger of the new york and frankfurt stock exchanges has passed another milestone. >> a large portion of shareholders approved the deal, which creates the world's biggest stock exchange. the approval was one of the last major obstacles to the merger plan. nyse/ueor -- nyse/euronext shareholders already gave the approval last week. authorities 1 5 billion euros in long-term bonds, but only high yields, reflecting concerns over rome's ability to stabilize finances. european shares lost ground for the fourth time in five sessions. the dax finished today lower. the same
day, lynn. >> see if they can make any progress. kristin dahlgren, thank you. >>> rupert murdoch is feeling the financial and political fallout from a phone-hacking scandal. given pressure from england's parliament, murdoch dropped his $12 billion bid for full ownership of a british pay tv company in the wake of allegations that employees at his now shuddered "news of the world" hacked into voice mails and bribed police for stories. the scandal now spans two continents with congressman peter king, chairman of homeland security committee, called for the fbi to find out if murdoch's news corp. tried to illegally obtain phone records of 9/11 victims. >>> authorities in india are still searching for the culprits behind wednesday's deadly bombings that left at least 18 people dead and 133 more injured. residents are still shaking up after coordinated explosions that rocked three separate neighborhood in mumbai during rush hour wednesday. the attacks came just months after india resumed peace talks with pakistan. so far, no group has taken responsibility for the bombings and indian off
and the seat is waiting. hours from now, rupert murdoch and his inner circle are set to face tough questions about the media empire's hacking scandal. >> order! >> find out what to expect. plus, casey anthony vanishes after walking free. >> caylee! caylee! >> but is it truly possible for anyone to just disappear? sunny hostin is on the case. and the president picked her to create an agency designeded to protect consumers. but when it opens for business, elizabeth warren won't be in charge. in fact, she won't even be involved. joe johns has the "political pop." >>> and welcome back. hour two, house republicans set to vote tomorrow on a plan to balance the federal budget. look, a lot of folks are saying it's political theatre, wasting valuable time as the clock continues to tick, tick, tick, toward a potential government default. we think hey, let's take a look at what's being proposed here. to help me do that, mark zandy, h he's a chief economist for moody's. we hear a lot of times about the stellar aaa rating. we are awaiting, as i mentioned the fine print on this republican legislation. but
. kristin dahlgren, thank you. >>> rupert murdoch is feeling the financial and political fallout from a phone-hacking scandal that rocked his media empire. giving into pressure from england's parliament, murdoch dropped his $12 billion bid for a full paid tv network. and new this morning the former executive editor of the defunct tabloid "news of the world" has been arrested. the ninth arrest resulting from police investigations into phone hacking and bribery of police officers. the scandal now spans at least two continents but the u.s. congressman peter king chairman of the homeland security committee calling for the fbi to find out if murdoch's news corp tried to illegally obtain phone records of 9/11 victims. >>> authorities in india are still searching for the culprits behind wednesday's deadly bombings that left at least 18 people dead and 133 more injured. residents are still shaken up after coordinated explosions that rocked three separate neighborhoods in mumbai happened during rush hour on wednesday. the attacks came just months after india resumed peace talks with pakistan.
scandal threatening rupert murdoch's media empire. now in washington a growing number of congressional leaders are calling for an investigation into whether any news corp. properties hacked americans. stephanie gosk joins us from london. i understand the murdochs are resisting calls to testify in london. do they have a choice? >> they have a choice for this summons to show up in front of parliament. there is no legal binding but there is a judge led inquiry cameron called for that is pending and that inquiry might call them to testify and rupert murdoch said he will go and testify before them. rebekah brooks his executive at news international said she will show up at parliament next tuesday but she added a caveat, said she would not answer any questions that would prejudice the ongoing investigation. you would have to imagine that could be quite a few of those questions because they're going to want to get at this issue as illegally hacking phones. chris? >> let me ask you also about what you know about what's happening here. several lawmakers including new york congressman peter king
arrest, a man said to be former editor of "news of the world" as pressure groiz on rupert murdoch to testify in london and possibly washington. new development every day. television deal with bsky b looks like it's -- >> out. >> -- a thing of the past. >>> with time going out, the president abruptly walked out of wednesday's meeting according to republicans. nancy cordes joins us live from capitol hill with the latest. good morning. >> reporter: good morning to you, chris. it appears that patience is wearing thin in the room where the president is meeting at the white house with eight top congressional leaders. both sides accuse the other of moving the goal posts, of failing to lead and now it appears the president has had enough. they may have been all smiles at the start of the meeting but tensions flaired after house majority leader eric cantor, republican from virginia, repeatedly proposed a series of short term extensions of the debt limit if a larger deal proved unattainable. "i said i was willing to come off my insistence that there was one vote," cantor told reporters afte
to be a former editor of the "news of the world." as pressure grows on rupert murdoch to testify in london and possibly washington. we will the latest on that in a bit. every day, a new development. >> that is right. >> looks like that thing is a thing of the past. we will get to that coming up. >>> first with time running out to increase the debt limit, tensions running high in the ongoing negotiations at the white house. according to republicans, the president abruptly walked out of wednesday's meeting. cbs news congressional correspondent nancy cordes joins us from capitol hill with the latest. good morning. >> reporter: good morning to you. it appears patience is wearing thin in the room where the president is meeting at the white house with eight top congressional leaders. both sides accuse the other of moving the goal posts, of failing to lead, and now it appears the president has had enough. they may have been all smiles at the start of the meeting. but tensions flared after house majority leader eric cantor, a republican from virginia, repeatedly proposed a series of short-term ext
scandal in britain. rupert murdoch is being pressured to appear before lawmakers in london and washington. dana lewis is in london good morning. >> reporter: good morning, we're hearing a ninth person has been arrested in the phone hacking scandal, the former executive editor of the "news of the world," but the late breaking news here this morning is the british government committee has just issued a summons for rupert and james murdoch to appear before them to answer questions about what they knew in the phone hacking scandal but legally there is a serious question over whether they can be compelled to appear. damage control in high gear rupert murdoch and son james in london trying to find a way to put out the fire. news corp shut out "nut of the world" withdrawn the bid for bskyb television but the scandal won't go away. politicians aimed to get murdoch and rebekah brooks to appear before parliamentary committee which recently grilled senior police officials over the "news of the world" phone hacking controversy. david cameron told parliament "if
Search Results 0 to 49 of about 101 (some duplicates have been removed)